Trump to seek another 8.6 billion USA dollars for border wall

Trump to seek another 8.6 billion USA dollars for border wall

Trump to seek another 8.6 billion USA dollars for border wall

Trump wants to cut funding for most federal government agencies by $USD2.7 trillion, while boosting defence spending and setting aside $USD8.6 billion for the proposed wall along the US-Mexico border. That's practically certain to happen now that House Democrats have a shared grip on the purse strings.

"We're making great progress", Larry Kudlow said on "Fox News Sunday", adding that he was "optimistic" President Donald Trump and President Xi Jinping of China would meet to ink a trade pact at some point - possibly in March or April.

The White House included a similar concept in the previous year's budget proposal, but rejected a similar scheme in MA, arguing it was illegal for the state to accept rebate payments from drugmakers without covering all available treatments.

It's unlikely Congress will acquiesce. "Even with deep spending cuts, the president's plan would not balance the budget until the mid-2030s", the Post reports, "falling short of the 10-year time frame that Republicans have sought for years".

Trump led a government shutdown in December that lasted for 35 days because Congress would not appropriate $5.7 billion to build sections of the wall.

The new budget request includes a sizable funding boost to the Department of Homeland Security, including $3.3 billion, or 22 percent, more for Customs and Border Protection, and $1.2 billion more for Immigration and Customs Enforcement, a 16 percent boost, officials said.

White House officials believe Trump's economic agenda has proven very successful so far, leading to job growth, higher wages, and economic growth.

Instead of building a wall, Pelosi and Schumer suggested Trump begin "rebuilding America".

(Washington Examiner) President Trump's pursuit of additional border wall funding in his fiscal 2020 budget proposal will only lead to another government shutdown, warned Democratic leaders on Sunday. "The same thing will repeat itself if he tries this again", the leaders continued.

Chinese officials have pushed back against some Trump administration demands for a mechanism - such as a regular schedule of meetings - to enforce the terms of their agreement.

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Late last week, the White House proposed a "combination" plan that would included a limited national emergency with other sources of funding, but that was pronounced dead on arrival. Trump's budget is likely to signal that the federal budget can be balanced in 15 years.

Trump is expected to veto that resolution - his first veto in office - and it does not appear Congress has the two-thirds vote each chamber to override. With Pentagon officials and private researchers talking up the supposed threat of China and Russian Federation, the budget promises to fund "strategic competition" with the two burgeoning superpowers, as well as efforts to deter North Korea and Iran and counter worldwide terrorism.

"President Trump has somehow managed to produce a budget request even more untethered from reality than his past two", said Democratic U.S. Representative Nita Lowey, chairwoman of the House Appropriations Committee.

FILE- In this December 3, 2018, file photo White House chief economic adviser Larry Kudlow talks with reporters about trade negotiations with China, at the White House in Washington.

"I don't think good growth policies have to obsess, necessarily, about the budget deficit", Kudlow said. The White House will project the economy to grow at an average of 3 percent annually over the net decade, including 3.2 percent growth for 2019.

The White House proposal on military pay matches the 3.1 percent increase indicated in the U.S. Employment Cost Index (ECI) of the Bureau of Labor Statistics (BLS) that serves by statute as the major guideline for military pay.

Economists say that forecasting such trends 10 years out - much less beyond that - is hard.

The projections are at odds with those of many private forecasters. A Bloomberg survey puts the consensus U.S. GDP forecast for 2019 at 2.5 percent, trailing off to 1.9 percent in 2020 as the impact of the 2017 Republican tax cuts fades.

To stay within prescribed budget caps, the proposal shifts about $165 billion in defense spending to an overseas contingency fund, an action critics view as an accounting gimmick.

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